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Tata Textile
Tata Textile Mills was a textile mills business of Tata Group, with its head office in Bombay. It consisted of four textile mills; namely, Central India Mills also popularly known as Empress Mills in Nagpur, the Svadeshi Mills in Bombay, the Tata Mills in Bombay, and the Advance Mills in Ahmedabad.Claude Markovits. Indian Business and Nationalist Politics 1931-39: The Indigenous Capitalist Class and the Rise of the Congress Party'. Cambridge University Press; 16 May 2002 [Retrieved 3 March 2017]. . p. 31. For several decades the four mills produced and sold fabrics under the much-reputed brand name of Tata Textiles. Tata made its first entry into manufacturing and industry in 1874, when it founder, Jamsetji Tata, started The Central India Spinning, Weaving and Manufacturing Company in Victoria Mills, later renamed Empress Mill when Queen Victoria was proclaimed Empress of India on 1 January 1877. In 1887, Jamsetji purchased the failing Dharamsi Mills located at Kurla, ...
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Tata Group
The Tata Group () is an Indian multinational conglomerate headquartered in Mumbai. Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continents. Acknowledged as the founder of the Tata Group, Jamsetji Tata is sometimes referred to as the "father of Indian industry". Each Tata company operates independently under the guidance and supervision of its own board of directors and shareholders. Philanthropic trusts control over 66% of the Tata holding company Tata Sons, while the Tata family is a very small shareholder. The group's annual revenue for fiscal year 2021–22 was reported to be US$128 billion. There are 29 publicly-listed Tata Group companies with a combined market capitalisation of $311 billion as of March 2022. Significant Tata Group affiliates include Tata Consultancy Services, Tata Consumer Products, Tata Motors, Tata Power, Tata Steel, Voltas, Titan Company, Ta ...
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National Textile Corporation
National Textile Corporation is a central public sector undertaking under the ownership of Ministry of Textiles , Government of India It owns 23 working textile mills which produce yarn and fabric. The company was incorporated in April 1968. NTC had made a turnaround within a short span to emerge as a debt-free company with a highly competitive revival strategy. Apart from re-branding, NTC had developed a new marketing and corporate strategy that included revamping of all NTC stores and setting up of new stores. The National Textile Corporation Limited (NTC) was incorporated in April 1968 for managing the affairs of sick textile undertakings, in the private sector, taken over by the Government. Starting with 16 mills in 1968, this number gradually rose to 103 by 1972–73. In the year 1974 all these units were nationalised under the Sick Textile Undertakings (Nationalization) Act 1974. The number of units increased to 119 by 1995. These 119 mills were controlled by NTC(HC) Lt ...
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Defunct Companies Based In Mumbai
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Defunct Textile Companies Of India
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Manufacturing Companies Based In Mumbai
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. ...
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Companies Disestablished In 1997
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Manufacturing Companies Established In 1874
Manufacturing is the creation or Production (economics), production of goods with the help of equipment, Work (human activity), labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of Human behavior, human activity, from handicraft to High tech manufacturing, high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector of the economy, primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, Major appliance, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineerin ...
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Shapoorji Pallonji Group
Shapoorji Pallonji & Company Private Limited, trading as Shapoorji Pallonji Group, is an Indian conglomerate company, headquartered in Mumbai. It operates in construction, real estate, textiles, engineered goods, home appliances, shipping, publications, power, and biotechnology. The company was headed by a grandson of founder Pallonji Mistry, also named Pallonji Mistry, until 2012, when he announced his retirement and the succession of his son, Shapoor Mistry. Shapoorji Pallonji is regarded as "''one of India's most valuable private enterprises.''" The US$2.5 billion Shapoorji Pallonji Group have two listed companies, Forbes & Company Ltd. and Gokak Textiles. Forbes was already listed when bought by Shapoorji Pallonji, though there was speculation in 2006 that group company Afcons Infrastructure would go public via an IPO. The company is known for building some of Mumbai's landmarks around the Fort area, including the Hong Kong Bank, Grindlays Bank, Standard Chartered Ba ...
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BIFR
The Board for Industrial and Financial Reconstruction (BIFR) was a development finance institution under the ownership of Ministry of Finance, Government of India, part of the Department of Financial Services of the Ministry of Finance. Set up in January 1987 by the Rajiv Gandhi government, its objective was to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. On 1 December 2016, the Narendra Modi government dissolved BIFR and referred all proceedings to the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) as per provisions of Insolvency and Bankruptcy Code. History The BIFR was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 1987. A new industrial policy was tabled in Parliament on 24 July 1991 aiming to maintain growth in productivity and gainful emplo ...
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Parel
Parel ( ISO: Paraḷ, pronunciation: əɾəɭ is a neighbourhood of Mumbai. Parel used to have a number of textile mills, but these have been replaced by commercial office space development. History Originally, Parel was a separate island, one of the Seven Islands of Bombay. The Parel Relief or (Parel Shiva) is an important monolithic relief of the Hindu god Shiva in seven forms that is dated to the late Gupta period, in the 5th or 6th century AD by the ASI. It was found in Parel when a road was being constructed in 1931, and moved to the nearby Baradevi Temple, where it remains in worship, in its own room. The name Parel has its roots from the ''Parali Vaijanath Mahadev'' temple dedicated to Lord Shiva. An inscription dated 26 January 1187 (Paurnima of Magha, Saka 1108) is found there recording of a grant made by Shilahara king Aparaditya II out of the proceeds of an orchard in a village named Mahavali (close to Kurla) for a Vaidyanatha temple. In 1771 William Ho ...
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Bombay
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second-most populous city in India after Delhi and the eighth-most populous city in the world with a population of roughly 20 million (2 crore). As per the Indian government population census of 2011, Mumbai was the most populous city in India with an estimated city proper population of 12.5 million (1.25 crore) living under the Brihanmumbai Municipal Corporation. Mumbai is the centre of the Mumbai Metropolitan Region, the sixth most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It has the highest number of millionaires and billionaires among all cities in ...
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Maharashtra State Textile Corporation
Maharashtra State Textile Corporation (MSTC) is a limited company owned by Maharashtra State. It was established on 6 September 1966, having its head office at Mumbai. Their stated purpose was to take over ailing privately owned textile mills, which were being closed down and make those mills more productive and also to start new mills in industrially undeveloped parts of the state. MSCT took over 26 ailing textile mills, 19 of which were later turned over to National Textile Corporation. It presently holds Pratap Mills, Amalner, Vijay Mills, Badnera, Shree Shahu Chhatrapati Mills, Kolhapur, Narsinggirji Mills, Solapur, Pulgaon Cotton Mills, Pulgaon, Western India Mills at Mumbai and the Empress Mill, Nagpur. They started two mills namely Devagiri Textile Mills at Aurangabad in 1980 and Kalameshwar Textile Mills at Kalameshwar in 1984. The state government closed down all the mills under MSTC in 2001, due to running in losses over the years and presently there are no function ...
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